Eight additional euro-based currency ETNs and the first four emerging market-based currency ETNs, all issued by ETF Securities, are tradable on Xetra.
“We are pleased to be further expanding Deutsche Brse’s ETP segment with ETF Securities’ innovative products. The currency ETNs newly listed on Xetra enable investors to further diversify their portfolios,” said Rainer Riess, Managing Director of Xetra Market Development at Deutsche Brse.
With the 12 new currency ETNs, ETF Securities allows investors to participate in the performance of more currency indices. The underlying indices track the exchange rates of the euro to the Australian dollar, Canadian dollar, New Zealand dollar and US dollar. Investors can profit from a rising or falling euro rate depending on the ETN they choose.
Moreover, they can invest in emerging market-based currency ETNs for the first time. The underlying indices track the exchange rate of the US dollar to the Chinese renminbi and Indian rupee. Investors can also choose to profit from rising or falling US dollar rates with these ETNs.
Deutsche Brse combines the ETC and ETN asset classes in its Exchange Traded Products segment (ETPs). Deutsche Brse’s ETF and ETP range currently comprises 674 ETFs, 171 ETCs and 31 ETNs.
D.C.